Message from @!GoldenKingship!
Discord ID: 617156936369963018
Do you know what a supply and demand curve is?
*you're
How old are you golden?
You’re **
How old are you, Golden?
**
😔
Immigration makes the country richer not the citizens if the cost goes down.
Man's like 15
Ok, so I’ll explain this
Delet
When you have an increase in supply
What we in Econ call a rightward shirt
Oh boy
You lower the price of that good or service
We got ourselves an economics expert!
market curves are false
So when you increase labor
It's basic economix doe
You’re lowering the price (cost) of labor
It's like super ez to understand
We’re*
sonnenschein theorem destroys the idea of a measurable market equilibrium
So when I say that immigration lowers the cost of labor, I’m talking about a rightward shift in the labor supply
Doesn't take an economic expert
Understand?
There’s no such thing
There is wdym
Economics is purely common sense.
Right, so now that labor is cheaper
Well supply and demand is as common as common sense can get
Companies can hire more people, if they want to
And that lets them produce more stuff
Yea but wages don't go up you see
That makes the economy healthier and increases gdp
OK, so you’re concerned about wage depression from immigration?
except supply and demand models for the market dont imply aggregations methods are valid
and theyre not
Or are you concerned that companies are shipping jobs overseas?
hence supply/demand analysis for markets are faulty af